RSA 564-C:1-107 Creation of Total Return Unitrust.

(a) The following provisions shall apply to a trust that, by its governing instrument, or by conversion pursuant to RSA 564-C:1-106, requires or permits the distribution, at least annually, of a unitrust amount equal to a fixed percentage of not less than 3 nor more than 5 percent per year of the fair market value of the trust's assets, valued at least annually, such trust to be referred to in this section as a "total return unitrust."
(b) The unitrust amount for a total return unitrust may be determined by reference to the fair market value of the trust's assets in one year or more than one year.
(c) Distribution of such a fixed percentage unitrust amount is considered a distribution of all the income of the total return unitrust.
(d) A total return unitrust may o